PENG Form 4: CFO reports 9,684-share RSU grant at $0

Rhea-AI Filing Summary

Penguin Solutions (PENG) reported an insider transaction on Form 4. SVP and CFO Nathan Olmstead acquired 9,684 shares of common stock on 11/11/2025 at a reported price of $0, increasing his beneficial holdings to 106,826 shares, held directly.

The filing notes these are restricted stock units that will vest as to 6.25% on January 20, 2026, with the remainder vesting quarterly thereafter in 15 equal installments, subject to continued employment through each vesting date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Olmstead Nathan

Role SVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,684	$0.00	--

Holdings After Transaction: Common Stock — 106,826 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/13/2025 - 04:20 PM Learn about SEC filing dates

FAQ

What did Penguin Solutions (PENG) disclose in this Form 4?

SVP and CFO Nathan Olmstead acquired 9,684 shares on 11/11/2025 at $0 and now beneficially owns 106,826 shares directly.

What is the nature of the 9,684 PENG shares reported?

They represent restricted stock units, with 6.25% vesting on January 20, 2026 and the remainder vesting quarterly in 15 equal installments.

What is the current beneficial ownership for the PENG insider?

Following the transaction, Nathan Olmstead beneficially owns 106,826 shares, held directly.

Was there a purchase price for the PENG shares acquired?

The transaction lists a price of $0, consistent with an RSU grant rather than an open-market purchase.

What conditions apply to the vesting of the PENG RSUs?

Vesting is subject to the recipient’s continued employment through each applicable vesting date.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Olmstead Nathan

(Last) (First) (Middle)

C/O PENGUIN SOLUTIONS, INC.

45800 NORTHPORT LOOP WEST

(Street)

FREMONT CA 94538

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Penguin Solutions, Inc. [ PENG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/11/2025		A		9,684(1)	A	$0	106,826	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units that will vest as to 6.25% on January 20, 2026, with the remainder vesting quarterly thereafter in 15 equal installments, subject to the recipient's continued employment through each applicable vesting date.

Remarks:

	/s/ Anne Kuykendall as attorney-in-fact for Nathan Olmstead	11/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.